Articles
| Property, Rentals, Transactions |
The Mortgage SAFE Act: Safe, or an Act? Check Your Mortgage Expert Carefully
January 7, 2010 Posted by Joffrey Long
Granada Hills, CA - January 7, 2010 - (RealEstateRama) — Refinancing to the wrong residential loan could cost you your home, ruin your credit and disrupt family. In an attempt to combat faulty lending practices, earlier this year, lawmakers passed the Secure and Fair Enforcement Mortgage Licensing Act “SAFE Act.” It establishes a national standard mandating consumer protection against fraud and misleading lending practices. Crafted to abolish shoddy residential lending, SAFE primarily institutes a system for licensing and registering loan originators. California must comply with enact requirements by the end of 2010
A Loan on Half a House?
December 21, 2009 Posted by RealEstateRama
What if your client only owns half the house? And the other owner can’t sign – can you get them a loan? Granada Hills, CA - December 21, 2009 - (RealEstateRama) — Nancy was in just that bind. She inherited ½ of her aunt’s house - her brother inherited the other half. She needed to borrow money right away for repairs to the house-– the problem was that her brother was in the middle of a nasty divorce, and couldn’t sign anything.
Loan Dispute Mediation
November 18, 2009 Posted by Joffrey Long
Granada Hills, CA - November 18, 2009 - (RealEstateRama) — While opinions differ on the percentage of loan workouts that wind up in default, there’s no question that a large number of them do. Foreclosure often leads to disputes, which lead us to mediation. Mediation, which should not be confused with arbitration, (FN1) is simply a formalized attempt by the parties to resolve differences, with the assistance of a skilled third party negotiator. Mediation can be brought about by a contractual agreement (that originated prior to the dispute) or by mutual agreement when a dispute arises.
Commercial Real Estate Loans: Approaching the Commercial Lender
November 3, 2009 Posted by Joffrey Long
You’re searching for commercial real estate financing - what’s the best approach to take in contacting lenders? Granada Hills, CA - November 3, 2009 - (RealEstateRama) — Commercial lending is far less standardized than getting home financing, and has a whole language of its own. You and the commercial loan officer will generally discuss the tenancy and income or the property, if it is rented, and the property type, before getting into the borrower’s qualifications. The loan amount and terms you’ll obtain will vary greatly, depending on different property characteristics.
Commercial Real Estate Loans: Approaching the Commercial Lender
October 19, 2009 Posted by Joffrey Long
You’re searching for commercial real estate financing - what’s the best approach to take in contacting lenders? October 19, 2009 - (RealEstateRama) — Commercial lending is far less standardized than getting home financing, and has a whole language of its own. You and the commercial loan officer will generally discuss the tenancy and income or the property, if it is rented, and the property type, before getting into the borrower’s qualifications. The loan amount and terms you’ll obtain will vary greatly, depending on different property characteristics.
5 Amazing Mobile Apps for Property Management
August 19, 2009 Posted by Houston Neal
August 19, 2009 - (RealEstateRama) — Property management is not often an industry on the cutting edge of technology. However, more and more property managers are making use of smartphones in their daily activities.
Are You Ready For The Next Disaster: Make Your Property More Flood And Wind Resistant
June 1, 2009 Posted by FEMA
TALLAHASSEE, FL - June 1, 2009 - (RealEstateRama) — Hurricane season and the potential for considerable wind and flood damage begins in earnest June 1, so do not wait to make your home more hazard resistant
Protect Your Home From Future Flood Damage
April 24, 2009 Posted by FEMA
MOORHEAD, Minn - April 24, 2009 - (RealEstateRama) — Flooding can cause serious damage to property and possessions, but homeowners who take steps to retrofit their homes in anticipation of the unexpected will come out ahead. Retrofitting means modifying your home to protect against flood damages.
Buying Foreclosed Homes: Deal or No Deal?
April 23, 2009 Posted by RealEstateRama
Bound Brook, NJ - April 23, 2009 - (RealEstateRama) — HouseMaster®, the first and one of the largest home inspection franchisors in North America, reports there are abundant opportunities for qualified homebuyers in the current real estate market - triggered by a 28 percent rise in foreclosure activity from last year. While President Obama’s $75 billion loan modification and refinancing Homeowner Affordability and Stability Plan will help as many as 4 million struggling home owners it won’t save everyone from foreclosure resulting in prime deals for qualified homebuyers.
U.S. Cities Where It’s Hardest To Get By
April 17, 2009 Posted by RealEstateRama
These struggling metros have a combination of high unemployment, steep cost of living and low median income. There are few smiles among those who live in Providence, R.I., these days.
